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    Mozambique poised for economic boost as TotalEnergies gears up to resume LNG project after insurgency forced suspension

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    Mozambique Staff Writer
    Mozambique Staff Writerhttps://www.africanboulevard.com
    The African Boulevard Africain Editorial Team brings you Mozambique news and breaking news headlines in Politics, Economy, Business, Investment and Entertainment. We are unbiased, moved only by the quest for truth.
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    Maputo, Mozambique – (African Boulevard News) – TotalEnergies, the French oil and gas company, is reportedly getting ready to resume its operations in Mozambique’s Cabo Delgado province after being forced to abandon the area following an insurgency in 2020. The company is said to be discreetly preparing to resume the Mozambique LNG mega-complex, which is expected to produce approximately 13 million tonnes of liquefied natural gas per year.

    According to African Intelligence, TotalEnergies has taken several measures to ensure the security of its employees and facilities, including reinforcing its safety procedures and working closely with the Mozambican authorities. The company has also reportedly been in talks with the local communities to address their concerns and expectations.

    The resumption of the Mozambique LNG project comes after TotalEnergies suspended its operations in the area in April 2020, following a series of attacks by Islamist militants. The insurgency has since escalated, leading to the displacement of hundreds of thousands of people and causing significant damage to the local economy.

    Despite the challenges, industry experts believe that the Mozambique LNG project remains a promising opportunity for TotalEnergies. “The natural gas reserves in Mozambique are among the largest in the world, and the market for liquefied natural gas is expected to grow significantly in the coming years,” said a spokesperson for the company.

    The Mozambique LNG project is a joint venture between TotalEnergies, ExxonMobil, and several other partners, and is estimated to cost around $20 billion. The project involves the construction of an LNG plant, as well as the development of offshore gas fields in the Rovuma Basin.

    The resumption of the Mozambique LNG project is expected to have a positive impact on the local economy, providing much-needed jobs and revenue for the region. “We are looking forward to the resumption of operations by TotalEnergies, which will help to boost economic growth and development in Cabo Delgado province,” said a spokesperson for the Mozambican government.

    In conclusion, TotalEnergies’ preparations to resume the Mozambique LNG project are a positive sign for the region, as it represents a significant investment in the country’s future. However, the company and its partners must continue to work closely with the local communities and authorities to ensure that the project is implemented in a way that benefits everyone involved.

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    Mozambique Staff Writer

    The African Boulevard Africain Editorial Team brings you Mozambique news and breaking news headlines in Politics, Economy, Business, Investment and Entertainment. We are unbiased, moved only by the quest for truth.
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